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Candlestick Patterns with Alerts MT4

3

With this easy to set up indicator you can display and set alerts for the following candlestick formations: Bull Breakout, Bear Breakout, Hammer, Pin, Bullish Engulfing, Bearish Engulfing.

I'd appreciate if you would review the indicator

Input parameters:

  • ShortArrowColor: The color of the Arrows, displaying a Bearish candle formation
  • LongArrowColor: The color of the Arrows displaying a Bullish candle formation
  • BullishEngulfing: Disabled/Enabled/EnabledwithAlert
  • BearishEngulfing: Disabled/Enabled/EnabledwithAlert
  • Pin:  Disabled/Enabled/EnabledwithAlert
  • Hammer:  Disabled/Enabled/EnabledwithAlert
  • BullBreakout:  Disabled/Enabled/EnabledwithAlerts
  • BearBreakout:  Disabled/Enabled/EnabledwithAlerts
  • Morning Star: Disabled/Enabled/EnabledwithAlerts
  • Evening Star: Disabled/Enabled/EnabledwithAlerts

The indicator will display the enabled formations with arrows below/above the candle where the formation happened. If you disable a formation, no arrows for that formation will be drawn on the chart. If you enable the pattern, there will be arrows appearing, where the candlestick formation happened. If you select "EnabledwithAlert", the indicator will send an alert, whenever there is a new candle on the chart and the formation happened on the last candle. Whenever you drag the mouse over any arrow displayed by the indicator, the formation will be shown in the description of the arrow.

If you are a manual trader and you'd like to see a game changer tool, that is easy to use, enables you to create powerful grid and hedging strategies, check out ManHedger.


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Introducing the Zone Recovery EA, a powerful tool for traders who seek precise control over their Zone Recovery strategies. This manual version operates similarly to the Zone Recovery mode in ManHedger but some distinctive features – the Stop Loss (SL) cannot be modified during the strategy execution, and no pending orders are opened, when the StartPrice is reached. There are no input parameters. Zone Recovery strategies can only be executed on accounts that allow hedging. Key Features: Hedging
FREE
With this free tool, you can easily visualize your trades on the chart, view take profit and stop loss values in points and percentages, and enter trades based on percentage of your account balance or specific amounts of money, among many other features. The only input required is the leverage for the current symbol, as the program may not have access to this information with some brokers. There are 2 inputs for the Display Colors. How does it work? Simply fill out the Start Price, TP (Take Pro
FREE
Introducing the Zone Recovery EA, a powerful tool for traders who seek precise control over their Zone Recovery strategies. This manual version operates similarly to the Zone Recovery mode in ManHedger but some distinctive features – the Stop Loss (SL) cannot be modified during the strategy execution, and no pending orders are opened, when the StartPrice is reached. The only 2 input parameters are the leverage for the current symbol and a check of wether the Account allows hedging.  Zone Recover
FREE
ManHedger MT4
Peter Mueller
5 (1)
If you'd like to test the product before purchasing please watch the video below. The program doesn't work in the strategy tester! Contact me for user support & advices! If you've bought this EA, you are entitled to a gift!! MT5 Version With this Expert Advisor, you can: Implement your own Zone Recovery strategy to capitalize on trending markets. Create Grid trading strategies, to profit from ranging markets. Place orders easily and clearly. Display your trades/strategies on the chart. Display
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Andre Babiak
158
Andre Babiak 2023.12.28 12:13 
 

The alert message of this indicator won't reveal from which symbol the alert is coming. So if you use this indicator on several symbols/charts you will have to check all open charts because you won't know which one triggered the alert.

Peter Mueller
8107
Reply from developer Peter Mueller 2023.12.28 14:34
Thanks for taking your time and writing a review, I appreciate your feedback. Now I've uploaded a new version of the program, now the alerts should tell you on which symbol and Timeframe the Candlestickpattern happened. Hope you will be satisfied with the new version.
Best regards,
Peter
Reply to review
Version 1.2 2024.03.23
Added Morning Star and Evening Star candle formations
Version 1.1 2023.12.28
Added the Symbol and the timeframe to the Alert.